Mudajaya reveals new major shareholder

KUALA LUMPUR (Nov 1): Mudajaya Group Bhd said today Yakin Setiamas Sdn Bhd has emerged as a substantial shareholder in the builder after Yakin Setiamas acquired 162.33 million shares or a 27.52% stake in Mudajaya on Tuesday (Oct 29).

In filings with Bursa Malaysia today, Mudajaya said Ample Full Profits Ltd owns a 90% stake in Yakin Setiamas while Chamber Jewels Ltd hold the remaining 10%.

"The shareholders of Chamber Jewels are Mr James Wong Tet Foh and Mr Lee Eng Leong, each holding 50% equity interest. Wong and Lee do not have deemed interest in Yakin Setiamas pursuant to Section 8 of the Companies Act 2016," Mudajaya said.

In separate Bursa filings today, Mudajaya said Dataran Sentral (M) Sdn Bhd ceased to be a substantial shareholder in Mudajaya on Tuesday after Dataran Sentral sold its direct and indirect stake comprising 162.33 million shares in the builder.

Mudajaya said Dataran Sentral ceased to be a substantial shareholder following the "disposal of shares by Dataran Sentral" and "disposal of shares by Kingsman Capital Ltd".

According to Mudajaya, Kingsman ceased to be a substantial shareholder in Mudajaya on Tuesday after Kingsman sold 52.41 million Mudajaya shares.

At 12:30pm today, Mudajaya's share price settled down 2.5 sen or 6.94% at 33.5 sen. The stock saw some 17 million shares traded.

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